Atlas Salt Inc · TSXV:SALT
Atlas Salt — Investor Presentation (September 2025)
26 slides from Atlas Salt's investor presentation, Sep 30, 2025
Slide 1: Developing the Great Atlantic Salt Project
Developing the Great Atlantic Salt Project: North America's First New Salt Mine in Nearly Three Decades TSXV:SALT | October 2025
Slide 2: Disclaimer & Forward-Looking Statements
TSXV: SALT OTCQB:REMRF DISCLAIMER & FORWARD-LOOKING STATEMENTS FSE: 9D00 AtlasSalt.com This presentation includes certain “forward-looking information” and “forward-looking statements” (collectively “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All s
Slide 3: Table of Contents
TSXV: SALT OTCQB:REMRF TABLE OF CONTENTS FSE: 9D00 AtlasSalt.com 5 Salt Market Overview 8 Competitive Advantages & Strategic Location 12 Resource & Project Economics 18 Sustainability & Community Impact 21 Go-Forward Plan & Value Creation 22 Management & Board 24 Capitalization Table 26 Approved Per
Slide 4: The Great Atlantic Salt Project (SALT)
TSXV: SALT OTCQB:REMRF THE GREAT ATLANTIC SALT PROJECT ("SALT") FSE: 9D00 AtlasSalt.com Developing a world-class salt mine (4 Mtpa of Large-Scale nameplate production capacity) and the newest Global Relevance salt mine in North America in ~30 years1 Newfoundland, Canada, a top-tier global Strategic
Slide 5: Overview of Salt Market
TSXV: SALT OTCQB:REMRF OVERVIEW OF SALT MARKET FSE: 9D00 AtlasSalt.com US$26B Global Salt Market in 20241: SALT is Focused on Serving the North American Various End Markets & Concentrated Supply Salt Market for De-Icing 1 Estimated Annual North American De-Icing Salt Market Size: $26B USD 28.5 Mt -
Slide 6: North America Is Reliant on Salt Imports
TSXV: SALT OTCQB:REMRF NORTH AMERICA IS RELIANT ON SALT IMPORTS FSE: 9D00 AtlasSalt.com Great Atlantic Salt's Planned Production is Easily Absorbed by the Current Market Deficit Total North American 2 De-Icing Salt Imports: 8 Mtpa - 10 Mtpa1 67.5 Mt of salt imported Egypt Mexico Carribean to U.S. fr
Slide 7: Key North American Salt Events Since 2001
TSXV: SALT OTCQB:REMRF KEY NORTH AMERICAN SALT EVENTS SINCE 2001 FSE: 9D00 AtlasSalt.com Closures & Environmental Issues At Legacy Salt Mines Highlight Need For New Domestic Salt Supply; No Other Salt Mines or Expansion Projects Currently Planned in North America Comparable to Atlas Salt 2001 2020 2
Slide 8: Market Proximity = Competitive Advantages
TSXV: SALT OTCQB:REMRF MARKET PROXIMITY = COMPETITIVE ADVANTAGES FSE: 9D00 AtlasSalt.com 3 Days to Ship to Boston from SALT Local Supply Advantages vs >14 Days from Egypt or Chile 1 • Displacing portion of overseas imports • Serving Buy Canadian/North American sentiment SALT • De-risks security of s
Slide 9: Located in a Top-Tier Mining Jurisdiction
TSXV: SALT OTCQB:REMRF LOCATED IN A TOP-TIER MINING JURISDICTION FSE: 9D00 AtlasSalt.com SALT Great Atlantic Salt • Newfoundland & Labrador ("NL") was rated the 9th best mining jurisdiction globally by Fraser Institute in 2025 based Infrastructure / Town on mineral content and government policy alig
Slide 10: Established Infrastructure & Mining History
TSXV: SALT OTCQB:REMRF ESTABLISHED INFRASTRUCTURE & MINING HISTORY FSE: 9D00 AtlasSalt.com Region Has Long History of Mining & Shipping Ship Loading Legend Conveyor Existing Infrastructure Planned Infrastructure Prolific gypsum Turf Point Deep Water Port Operating limestone Conveyor mining area sinc
Slide 11: Key Outcomes - 2025 Updated Feasibility Study
TSXV: SALT OTCQB:REMRF KEY OUTCOMES - 2025 UPDATED FEASIBILITY STUDY FSE: 9D00 AtlasSalt.com Significantly De-Risked Project With Substantial The Great Atlantic Salt Project's Design Has Been Improvements to Economics & Design1 Proven At Irish Salt Mining's Kilroot Mine2 1. Shorter mine life pulled
Slide 12: A World-Class Resource...
TSXV: SALT OTCQB:REMRF A WORLD-CLASS RESOURCE... FSE: 9D00 AtlasSalt.com Ideal Shape & Uniquely Shallow Depth Reserve Class3 Grade (% NaCl) Tonnes (Mt) Contained NaCl (Mt) • Homogenous, shallow resource is accessible Probable 95.9 95.0 91.1 via declines as opposed to costly shaft sinking Resource Cl
Slide 13: ... Drives Robust Project Economics
TSXV: SALT OTCQB:REMRF … DRIVES ROBUST PROJECT ECONOMICS FSE: 9D00 AtlasSalt.com Post-Tax 2025 Base Price Sensitivity Analysis1 Select Financial Metrics for Great Atlantic Salt1,2 25.0% IRR $4.6B $407M ~20x $1.5B LOM Cumulative Post- LOM Average Annual Net NPV8 Tax Cash Flow4 Revenue 21.3% IRR ~12x
Slide 14: Summary of 2025 Updated Feasibility Study
TSXV: SALT OTCQB:REMRF SUMMARY OF 2025 UPDATED FEASIBILITY STUDY FSE: 9D00 AtlasSalt.com Select Operating Metrics 2023 FS1 2025 UFS2 Var High-Grade Resource Base Mine Life (Years) 34 24.3 -26% Atlas hosts one of North America's highest-purity salt deposits, Avg. LOM Production Capacity (Mtpa) 2.5 4.
Slide 15: Optimized Production Profile with Upside
TSXV: SALT OTCQB:REMRF OPTIMIZED PRODUCTION PROFILE WITH UPSIDE FSE: 9D00 AtlasSalt.com 2023 FS (Bottom) 2025 UFS Change (Top) 2023 FS 5 De-Risked Production With Upside1,2 2025 UFS pulled forward production vs 2023 FS to shorten mine life, increase annual production, & optimize project economics1,2
Slide 16: Strong Cash Flow Generation Through LOM
TSXV: SALT OTCQB:REMRF STRONG CASH FLOW GENERATION THROUGH LOM FSE: 9D00 AtlasSalt.com 2023 FS After-Tax Cash Flow (Bottom) UFS Change in After-Tax Cash Flow (Top) Cumulative After-Tax Cash Flow (UFS) Cumulative After-Tax Cash Flow (FS) $188M 300 4,200 2025 UFS pulled forward production vs 2023 FS,
Slide 17: The Vision: An Innovative Mine Design
TSXV: SALT OTCQB:REMRF THE VISION: AN INNOVATIVE MINE DESIGN FSE: 9D00 AtlasSalt.com Underground Mining & Processing • Deposit geometry allows for a compact, efficient site layout with consistent ore access and reduced development time • Shallow depth (~180m) supports rapid Settling Pond ~2km to Tur
Slide 18: Substantial Community & Economic Impact
TSXV: SALT OTCQB:REMRF SUBSTANTIAL COMMUNITY & ECONOMIC IMPACT FSE: 9D00 AtlasSalt.com Local Economic Contributions1 • $2.7B in tax revenue, much of it staying local • $1.9B in household spending across NL • $90M to municipalities • Multi-generational economic engine for Newfoundland and Labrador En
Slide 19: Environmental Assessment Completed
TSXV: SALT OTCQB:REMRF ENVIRONMENTAL ASSESSMENT COMPLETED FSE: 9D00 AtlasSalt.com Electrified, Low-Emissions Operation With Industry-Leading Environmental Performance Great Atlantic Salt's Projected GHG Intensity NL Environmental Minister released SALT from Among the Lowest in Global Mining2 provinc
Slide 20: Select Strategic Agreements Secured
TSXV: SALT OTCQB:REMRF SELECT STRATEGIC AGREEMENTS SECURED FSE: 9D00 AtlasSalt.com Salt Production Off-take Agreement Equipment Financing Engineering Lead Memorandum of MOU for provision of mining Currently in process of Understanding ("MOU") with equipment & engineering selecting lead project Scotw
Slide 21: Positioned for Re-Rate & Value Creation
TSXV: SALT OTCQB:REMRF POSITIONED FOR RE-RATE & VALUE CREATION FSE: 9D00 AtlasSalt.com Case Study: Tracking the Lassonde Curve En Route to Production1,2 Select Milestone Priorities Artemis Gold's Path: An Illustrative Case Study of SALT production estimated by 2030 ✓ Environmental Assessment Re-Rati
Slide 22: Management Team
TSXV: SALT OTCQB:REMRF MANAGEMENT TEAM FSE: 9D00 AtlasSalt.com Nolan Peterson Jeffrey Kilborn Robert Booth Andrew Smith CEO & Director CFO & VP, Corporate VP, Eng. & Construction Project Director & Development General Manager • 20+ years in mine • Former CFO of • Delivered $1.5B+ in • 10+ years in d
Slide 23: Board of Directors
TSXV: SALT BOARD OF DIRECTORS OTCQB:REMRF FSE: 9D00 AtlasSalt.com Patrick Laracy - Founder & Chairman Bob Kelly - Director Founder of Atlas Salt with 30+ years in Professional geoscientist with over 40 years in resource exploration and development. senior mining roles. Former VP at Teck Seasoned lea
Slide 24: A Compelling Investment Opportunity
TSXV: SALT OTCQB:REMRF A COMPELLING INVESTMENT OPPORTUNITY FSE: 9D00 AtlasSalt.com Developing a World-Class & Unique Resource Into a Capital Structure (September 30, 2025) Globally Significant Underground Salt Mine Ticker Symbol TSXV:SALT Last Price $0.72 Strategically Positioned to Serve the Heavil
Slide 25: Mineral Reserves & Resources
TSXV: SALT OTCQB:REMRF MINERAL RESERVES & RESOURCES FSE: 9D00 AtlasSalt.com Reserve Notes: Reserve Grade (% Tonnes Contained NaCl Horizon 1. CIM (2014) definitions were followed for Mineral Resources. Class1 NaCl) (Mt) (Mt) 2. Salt prices are not directly incorporated into the Mineral Reserve design
Slide 26: Approved Permits
TSXV: SALT OTCQB:REMRF APPROVED PERMITS FSE: 9D00 AtlasSalt.com ✓ Environmental Assessment ✓ Early Works Development Plan ✓ Environmental Protection Plan – Construction-Phase Mitigations ✓ Waste Management Plan – handling, Storage, transport, and Disposal ✓ Water Resource Management Plan – Drainage,